SR 05:168 - Laserfiche WebLink

Parks $6,511,812 is included in the Bemal Property Improvement Reserve for new Bemal Property projects including funding for the Phase II Specific Plan and other planning studies. This amount is in addition to an existing reserve of $3,546,000. As indicated previously, this funding comes primarily from General Fund transfers and as such it is subject to change. Further, competing priorities can result in funding being allocated to other projects. This funding does not include approximately $4.7 million that is currently in a separate reserve for the Bemal Community Park--Phase I estimated to be 13-acres. Staff anticipates completing the design for this project during 2005-06 with construction starting immediately after completion of this process. The CIP includes $1,724,227 for completion of Phases I-III of the Bemal Creek Restoration project that will be carried out during the first two years of the CIP. This project, which was identified as a high priority by the City Council during the review of the Mid-Term CIP, restores the tributary creeks traversing the Bemal property and includes expansion of the trails system. In Lieu Park Dedication fees are limited to projects related to acquiring parkland. A total of $3,512,644 is included in the four years of the CIP to establish a reserve to acquire land for new community park(s). While the Council has not identified a specific park location or project for this funding, one may develop as an outgrowth of the General Plan update process or in the future as the City looks toward the development of not yet developed or underdeveloped property. In addition, as part of the City's future fee study, there can be analysis regarding the potential for expanding the use of this revenue to address park development needs as well as park acquisition. The reserve for the acquisition of a 5-acre park in South Pleasanton has been reduced by approximately $750,000 to acquire a residential property located at 4254 Vervais. Including this adjustment, this project has a balance of $740,990. Staff is currently evaluating uses for the Vervais property that may further reduce this reserve if the Council decides to construct park related improvements on this site. A decision regarding this matter is scheduled for 2005-06. This CIP does not include any additional funding for the Alviso Adobe Park. Currently this project has a fund balance of approximately $3.3 million and staff has determined that this will be inadequate to fund the project as currently designed. To address this matter, staff is planning to present park options to the City Council for direction regarding prioritizing the project. If the Council determines that funding the project is a priority, it will need to determine if design changes are needed to reduce costs or if other projects should be modified or eliminated to address additional funding. The Park and Recreation Commission has identified this as its highest priority project and in response, staff intends to forward the project to the Council for its review later this year. xviii